MeDirect Bank on Thursday announced it has entered into an agreement with Andrew Charles Wynn to appoint him Non-Executive Director, subject to both regulatory and shareholder approval.

The appointment comes after Dominic Wallace notified the bank and its parent holding company MDB Ltd that he would not be seeking re-election as a Non-Executive Director and Chair of the Board Risk Committee.

Mr Wynn is also being touted to replace him in this latter position.

He has over 40 years of banking, financial services and property experience and has served on over 32 boards of directors in the UK and Europe in Chair, Vice-Chair, Non-Executive Director, CEO and CFO roles.

In 2010, he founded Clipper Consulting Ltd, a company that provides risk advisory services to banks and funds in Europe and the US.

From 2016 to 2021, Mr Wynn served on the board and as Vice Chair and Board Risk Committee Chair at Hellenic Bank, the largest retail bank in Cyprus.

Hellenic Bank is listed and is classified by the European Central Bank as a systemically important institution.

Earlier positions included Chief Risk Officer of the Lehman Brothers European Structured Finance Group, Chair of UCB Healthcare Finance, the largest lender to the UK care home sector, and CEO of Security Pacific Trust, a UK bank serving retail and SME customers.

He has also served in senior positions at Dresdner Kleinwort, Credit Suisse First Boston and Nomura Finance International.

Mr Wynn is a Fellow of the Chartered Institute of Management Accountants and a Chartered Global Management Accountant.

MeDirect Bank is a Maltese bank and financials service company headquartered in Sliema.

The bank’s main focus is on the savings, investments and wealth management sector – both for retail and corporate clients.